Bitcoin Plummets Over 8% Amid Sharp Market Declines as Calls for Fed Rate Cuts Intensify
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Global financial markets experienced significant turmoil, with Bitcoin plummeting over 8%. The Federal Reserve's decision to maintain interest rates between 5.25% and 5.5% has been a focal point. Many are calling for rate cuts as the economic landscape remains uncertain.
The resulting market declines have raised fears and anxieties among investors, affecting cryptocurrency prices.
This decline in Bitcoin highlights the correlation between traditional financial ecosystems and the decentralized crypto market.
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